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1 What are the main features of the underlying assets The underlying assets is a pool of 427 fixed 71 - and floating 29 -rate loans which are generally secured by diverse commercial real estate property types with an unpaid principal balance of Ffr 15 billion Features Loan diversity principal balances ranges from Ffr 34000 to Ffr 213 million with an weighted average amount owed of Ffr 36 million Property Type The pool is fairly diversified 44 Offices 25 Retail 12 Hotels 7 Multifamily 11 Industrial Warehouse Geographic Concentration Most of the assets mainly concentrated in Paris and the suburbs Most French portfolios of the same size are believed to have a significant concentration in Paris the subordination levels are not affected Collateral Type is diversified - 81 of loans by principal balance are secured by a mortgage lien on real property 94 are secured by a pledge of share from a commercial real estate company 43 are secured by a third-party guaranty or pledge of business assets Maturity Dates are diversified Ranging from 2 months to 191 months Real estate quality ranged from A excellent through C Average to E Poor 02 A 546 B 347 C 126 D Location Properties located in France 32 in Paris 33 in the Paris Suburbs 35 in the regions Offices usually well located Retail The centres are anchored by supermarkets Hotels In Canes and Paris Multifamily Within Paris and the suburbs a mix of eastern and western locations 2 What can you find about the originator of the commercial mortgages Originator Banque SOFAL SOFAL is a subsidiary of

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